True/False question, provide a detailed justification for the answer, whether it is true or false, using an example Business strategy is a firm's theory of how to gain a competitive advantage by operating in several businesses simultaneously
Q: Amazon as an e-commerce platform is consistent in offering the personalized and customized service…
A: The expression "mass customization" was instituted by Stan Davis in his 1987 book, Future Perfect.…
Q: TRUE or FALSE: “In the five forces framework, an industry that experiences rapid growth is generally…
A: * False
Q: New client accounts have significantly decreased and existing customers are complaining that they…
A: Customer retention refers to the method of conducting different activities that will help to keep…
Q: What are some of the key reasons that a customer remains loyal to a product, a service, or an…
A: The basic reasons behind winning customers trust and loyalty towards the brand/company are explained…
Q: Outsourcing creates an opportunity for the company that is outsourcing a product, to reduce their…
A: Outsourcing - Outsourcing is the business practice of hiring a party outside a company to perform…
Q: You are a team leader of a Customer Service center in a medium sized bank. Recently you notice there…
A: Leader: A good leader should have patience, knowledge, and the required skills to convince the…
Q: Pay level is the average amount (including wages, salaries, and bonuses) the organization pays for a…
A: The pay for a particular job largely depends on various factors such as job responsibilities, nature…
Q: When a firm moves into a new territory, and conflicts exist between the firm's organization culture…
A: The composition of the organizational culture reflects the national values. The language, symbols,…
Q: True or false STEEP analysis considers the general environment of a company and is not focused on…
A: There are various methods that an organization may use to evaluate its internal and external…
Q: Which of the following are buying-related activities, in contrast to selling-related activities?…
A: Purchasing MP3s from an online retailer Using a credit card at a grocery checkout counter Giving…
Q: Coca-Cola has come up with a new formula. They want to know if the product is going to be a success.…
A: * Introduction - Coca - Cola is an American based Beverage giant that was first introduced in 1886,…
Q: The business philosophy incorporating the marketing concept where the focus is on satisfying the…
A: * Option A , Consumer orientation .
Q: Which of the following is not a strategy for student success? Regularly attending and participating…
A: Strategy- this is a planning made by the high authority that can help in achieving the long term…
Q: If the existing firm has high brand image and customer loyalty, they act as a high entry barrier for…
A: Brand Image : Brand image is referred as the reputation of the organization in front of the people.…
Q: What is the need for Human Resource Planning? Question 20 options: For undergoing an effective…
A: What is the need for Human Resource planning? Ans- All of the above
Q: When a person is given the permission to spend the organization’s money on activities that will…
A: When a person is given the permission to spend the organization’s money on activities that will…
Q: Give very short answers to each of the questions below. Suppose you work in a corporate firm as a…
A: The quality and service provided by the companies and their staff directly affect the purchasing…
Q: To increase a company’s performance, a manager suggests that the company needs to increase the value…
A: Performance is a standard of productivity. In a competitive environment, performance might be a…
Q: Give 5 essentials of a good business letter. Suppose a situation where you must write a business…
A: The letter is the first-born process of sending a message. At the moment, despite the telephone and…
Q: Recall that many of the sources of low cost that AirAsiaX used were policy choices, like tight…
A: Competitive advantage - In today's competitive business environment, a business can maintain an…
Q: If a pharma company has introduced a new high-tech product in the market which is used in during…
A: For the marketers the best marketing research technique seems to be the qualitative research method.…
Q: Unlike management reserves, contingency reserves are not likely to be spent and are not part of the…
A: Project budget: It is the estimation of the cost involved in the completion of the project. The…
Q: If you have your own business, how would you consider that your business is in good direction…
A: In the given scenario, we are provided with a hypothetical situation wherein we own a business; we…
Q: Come up with a situation where you think it would be useful to calculate Expected Value of Perfect…
A: The Simulation Analysis is a strategy, wherein endless computations are made to get the potential…
Q: Situation: Justin was starting his agency, and one client was giving 60% of their revenue, but they…
A: Companies take decisions every day if they understand the situation earlier, then more reliable and…
Q: Choose any company with multiple outlets/stores that you are familiar with State the name of the…
A: 1. Company Z has multiple outlets in many countries. It deals in apparels and fashion accessories.
Q: A company received 500 applications for a specific position.30 were given an assignment test. Only…
A: The yield ratio is the percentage rate of candidates that passes from one stage to another of the…
Q: The organizational structure of a firm employing a cost leadership strategy is more likely to have a…
A: Cost leadership strategy is nothing but the business-level strategy that is applied by the…
Q: Operation management Please Answer Question 1 Imagine you have recently joined in the advertising…
A: Since the introduction of the Coca-Cola scheme in India in 2000, HCCB has produced Kinley, the…
Q: A firm is a political entity; registration of a Firm gives it a status of a legal entity, a citizen…
A: Not all business forms have a separate legal entity in the eyes of law. However, some business forms…
Q: Which of the following does NOT contribute to the increasing vulnerability of organizational…
A: Information systems are vulnerable to destruction, error, etc. due to a lot of factors usually…
Q: Tom Hankss has been tasked with identifying how he can keep his store operational immediately…
A: With most of us focused on building and rising business, we might be overlooking a crucial…
Q: Employers should be allowed to fire or hire employers based on variables (including vaccination…
A: Human Resources Human Resources is the division of a company that is responsible for recruiting,…
Q: Assume your organization is seeking for new professors for your project management class. Create a…
A: Project Quality Management: One of the most important aspects of any firm is project quality…
Q: A task on a WBS or Gantt chart is dependent if ________. Group of answer choices It cannot begin…
A: Gantt chart is a tool for project management. Gantt chart provides a visual representation of the…
Q: The only employer brand that matters is salary. If an employer pays a competitive or slightly higher…
A: Employer branding refers to the process of influencing job seekers, employees, and others by showing…
Q: ou are on a panel of a dispute resolution between three engineers working in the same section of a…
A: In every organization, there are a number of employees working and in every organization, there are…
Q: 19 Having an office in a shopping mall works well for a marketing research supplier because _____.…
A: Having a office in shopping mall definitely helps in longitudinal studies which can be easily…
Q: A business proposal is a document proposing a business arrangement between an organization and…
A: Answer - (b) - a business plan As per given context A business proposal is a document proposing a…
Q: Which of the following sentences has the same meaning as the following: ‘The revenue earned by XYZ…
A: The given statement states that the revenues for XYZ cosporation provided fluctuated returns. This…
Q: It is better to use a direct cutover strategy when employees are resistant to the implementation of…
A: Above question is answered below:
Q: Which of the following is NOT a characteristic of a sustainable competitive advantage? - That it…
A: Sustainable competitive advantage refers to the ability of a company to enjoy a superior competitive…
Q: 3. TRUE or FALSE: An entrepreneur creates a blog and chooses to form a sole proprietorship instead…
A: Entrepreneurs are individuals who take risks and puts lots of effort in order to produce the desired…
Q: Juhaina, who is appointed as a software engineer, thinks that she will not need to have any writing…
A: Case: Juhaina joined as software engineer not as writer so she thinks writing…
Q: A bid for a construction project has just been awarded. What happens next? a. Owner provides…
A: A bid refers to a tender, proposal or quotation which is submitted for solicitation from party who…
Q: Which of the following represent the synergies that a multi-business firm can claim across its two…
A: Financial synergy is described as the synergy that occurs when two companies operating separately…
Q: Why does firm wide pool is the best method to be used if the purpose of the company in granting said…
A: The bonus can be defined as the part of the pay in which an organization pays its employees for the…
Q: Justify how a business can implement the cost leadership strategy to help to profitably increase…
A: Cost leadership is a business strategy used by organizations that want to achieve a competitive…
Q: Which of the following is true about the Blue Ocean Strategy? Companies should try to outperform…
A: Blue Ocean strategy is explained as the strategy which focuses on differentiation and aims at…
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- You are requested to select a sales organization which needs an Online Shopping app for Ecommerce Store to improve the business operations and promote sales. You need to conduct a research through the Internet and the available online resources for an Online Shopping you have selected. Plan your Research in such a way to examine the issues faced by organization in currently available information system and explore the other types of information systems which can be incorporated to enhance the existing system. After conducting the research prepare the following: 1. а. Write a short description of the chosen online Shopping/department and the information system currently used. b. List the business drivers of the information system based on the current system.1. Review the provided CRM data to guide you in selecting the buying firm that will maximize revenue for DataLocker. Once you have analyzed the CRM data, select the appropriate industry that will maximize revenue for DataLocker: Small Size Manufacturing Small Size Hospitality Small Size Services Medium Size Manufacturing Medium Size Hospitality Medium Size Services Large Size Manufacturing Large Size Hospitality Large Size ServicesCHOOSE THE BEST ANSWER. PLEASE ANSWER AS SOON AS POSSIBLE 1- What is the best need/benefit-oriented approach to defining a car? Descriptions of a car's engine size and features Outlining the warranty that comes with the car Describing how it provides more efficient and reliable transportation Showing the beautiful color and styling 2- What is the best way for TWU to define their "market" in a marketing sense? the location of their buildings current and potential students the faculty and staff delivering the product the mix of programs they offer 3- Which of the following is not recommended for a marketing plan? Communicate the plan to appropriate managers. Once you have a good plan in place, do not change it for at least a year. Marketing plans should be creative. Use common sense. 4- Which of the following is not a current trend (described in book/class)? Increasing consumer demands Decreasing price sensitivity among consumers Overall…
- Need help writing a paragraph about an error Sam & Micaela are making with their market research *article is below Product Case Study Sam and Micaela first met while studying marketing at San Juan College. Both were ambitious and had plans to run their own businesses. Over time they decided to start a business together. Initially they spent many months discussing what sort of business they should go into. They considered various service businesses, like consulting or an internet- based training offering. However, it was eventually an opportunity in the children’s toy market that appeared to have good potential. They had observed that parents were becoming increasingly time-poor and, as a result, had less time to spend with their children. And in order to compensate for this, the parents typically spent large amounts on their children to entertain them. Obvious examples were the success of PlayStations, iPads, PC’s, and mobile phones. Sam argued, “these are big ticket items. The…3. Discusses how these groups will be targeted (once identified), by explaining three (3) digital marketing options such as email, voice, text, app alert, app redemption token, etc. The report should be in MS Word format (or equivalent). For the purpose of this assessment, the following assumptions apply: ●95% of sales are electronic (credit card/phone), 5% are cash; ●55% of customers use a loyalty card at time of transaction; ●customers who have a loyalty card have provided credit card/phone/email details; and ●Imagine P/L has a smartphone app, which supports tokens (price discounts, etc) and alerts. 25% of customers have downloaded and use the app. Report Structure Your report should include the following sections: ●Introduction: Briefly explaining the purpose of the report ●Technology Options: Where you describe each type of technology ●Sales Solution: Where you explain how the options will increase sales ●Marketing Channels: Where you discuss how to reach customers…Both the bottom-up and the top-down approaches can be used to forecast sales. When might you prefer the bottom-up approach? When might you prefer the top-down approach?
- As a young Graduate who has been employed by Kyekyewere Limited who operates four different types of Businesses in four different industries as follows:a) Cash Cowb) Starc) Question Mark / Problem child andd) DogsWith the knowledge skills and competencies that you have acquired as a Graduate who studied Management of Small and Medium Enterprise Advise Management about these Investment Portfolios in the various industry (s). Your advice should cover the followinga) Explain to Management what Cash cow, Star , Question mark and Dogs industries represent.b) Advise Management on which firm(s) demand further investment and why? c) Advise Management on which firm(s) to close down and why?Your client (SuperSpool) imports hand-spun wool yarns from Australia and New Zealand. They have very little market share as they just started their business in the summer of 2021. Their biggest competitor is ClassicYarn. They want to increase awareness of their great products with the goal of gaining market share in the U.S. To help develop your agency's recommendations, you want to execute a survey of people who design knitting and crocheting patterns for customized clothing using specialty yarns. Which of the following questions is probably the BEST to use? A)Do you prefer hand spun yarns and American made products? B) Yes or No: Do you think ClassicYarn is a socially responsible company? C) On a scale of one to five with five meaning you strongly agree and one meaning you strongly disagree, how important is it that yarns you buy are made in the U.S.A.? D) Given current supply chain issues, knowing ClassicYarn uses only fibers made in the U.S.A., would you agree its products are more…dentify a product/service of your choice. Provide the description of your product (at least 250 words) and market (at least 250 words). Identify your segment, target market, and positioning strategy (at least 250 words). Develop a SWOT analysis with at least four points for each dimension. Develop a PESTLE analysis with at least four points for each dimension. For any information you reflect within this assignment, ensure a citation. You must include at least six (6) academic sources for this assignment. If possible, use resources outside of the USA and include perspectives from different countries, contexts, and cultures.
- What is the difference between a Feasibility Analysis, a Business Model Canvas, and a Business Plan? describe which is the most important ad explain your answer.How is market intelligence used in marketing? O It is used to do media research OIt is used to do economic forecasting O It is used to define potential target markets and to determine how to reach them It is used to define a product and to determine how it should be packagedHow do you explain a technique used to analyze the quantitative data for resolving either a personal or business problem, and how the analysis technique helped accomplish your objective of resolving a personal or business problem?